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Llana [10]
3 years ago
7

Which describes the purpose of minimum-balance fees?

Business
1 answer:
Cerrena [4.2K]3 years ago
5 0

Answer:

make sure customers keep sufficient funds in their account

Explanation:

Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.

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Mathelesea Corporation has 8,000 shares of 5%, $5 par cumulative preferred stock and 46,000 shares of common stock outstanding.
Vlada [557]

Answer:

The correct option is A,$49,000

Explanation:

The share of declared dividends for the common stock shareholders is the total dividends declared in the current minus the preferred stock dividends for current year and prior year because preferred stock is entitled to arrears of dividends(it has cumulative conditional clause attached).

Total dividends declared                   $53,000

preferred stock dividend(2016)         ($2,000)

preferred stock dividend(2017)         ($2,000)

common stock share of dividends    $49,000

Preferred stock dividend=8000*5%*$5=$2000

The correct option,based on the above analysis,is option A

4 0
3 years ago
Which of the following is NOT an example of a market?
Snezhnost [94]
A teachers lesson plan book is not an example of a market. The correct option among all the options that are given in the question is the last option or the fourth option. The other three options that are given in the question are all connected with selling or buying something. I hope the answer helps you.
6 0
3 years ago
The cost reconciliation report has two sections: ""Costs to be accounted for"" followed by ""Costs accounted for"". The ""Costs
lord [1]

Answer:

The correct answer is False.

Explanation:

At the end of the accounting period, monthly, annual or of any kind, a series of tasks of control and audit of costs are carried out in order to generate correct and compensated reports of the value of the inventories and send it to the finance department. Apart from the accounting tasks that transfer the value movements of individual products to exclusive accounting accounts, multiple reporting and monitoring functions and a special reconciliation tool are available for the auditors and cost control engineers responsible for this work. critical importance for the company.

7 0
4 years ago
In any industry, ethical behavior is the responsibility of ______. a. each company b. each employee c. each supervisor d. each c
Blababa [14]

Answer:

B each employee

Explanation:

7 0
2 years ago
Classify the following as fixed or variable costs:
sergeinik [125]

Answer:

a. Fuel Interest on company-issued bonds  FIXED

b. Shipping charges  VARIABLE

c. Payments for raw materials  VARIABLE

d. Real estate taxes  FIXED

e. Executive salaries  FIXED

f. Insurance premiums  FIXED

g. Wage payments  VARIABLE

h. Depreciation and obsolescence charges  FIXED

i. Sales taxes  VARIABLE

j. Rental payments on leased office machinery FIXED

Explanation:

Fixed costs are the cost of an organization that don´t change with the amount of production.  So ,  if the production is 0,  this cost will exist anyway. For example:  real estate taxes,  rental

6 0
3 years ago
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